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Daily Pivots: (S1) 0.8532; (P) 0.8546; (R1) 0.8555; More… Range trading continues in EUR/GBP and intraday bias remains neutral. On the downside, decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target 0.8464 projection level first. However, firm break of 0.8577 will turn bias back to the upside for stronger rebound. […]

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20/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1043; (P) 1.1064; (R1) 1.1107; More….. EUR/USD’s rally is still in progress and breaks through 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1058. The break of near term channel resistance argues that EUR/USD might be accelerating. Intraday bias remains on the upside for 1.1138 resistance, and then 161.8% projection at […]
12/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2516; (P) 1.2548; (R1) 1.2584; More… Intraday bias in GBP/USD remains on the downside for the moment. Decisive break of 1.2517 support will carry larger bearish implication. Next near term target will be 61.8% projection of 1.2892 to 1.2538 from 1.2708 at 1.2489. Firm break there could trigger downside acceleration to 100% […]
15/02/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0674; (P) 1.0736; (R1) 1.0772; More… EUR/USD’s fall from 1.1138 is in progress and intraday bias remains on the downside. Current development argues that whole rise from 1.0447 has already finished. Deeper decline would be seen back to this 1.0447 support. On the upside, break of 1.0804 resistance is needed to signal […]